Generous salaries abound for Senior Product Managers in the United States, with average pay above six figures ($119K) per year. Cash earnings for Senior Product Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $87K to $164K depending on individual performance. The specific employer is the biggest factor affecting pay for this group, followed by the particular city and tenure. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$82,693 - $150,337
$83K
$120K
$150K
MEDIAN: $118,975
10%
50%
90%

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$18.31 - $90.00
$18
$60
$90
MEDIAN: $60
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$82,693 - $150,337  
   
Bonus
$3,351 - $25,293  
Profit Sharing
$902 - $20,211  
Commission
$-0.50 - $29,799  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$86,656 - $164,458  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 2,687
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$18.31 - $90.00  
   
Overtime
$27.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$3,351 - $25,293  
   
Commission
$-0.50 - $29,799  
Profit Sharing
$902 - $20,211  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$86,656 - $164,458  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 29

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.
  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.

Common Career Paths for Senior Product Manager


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Senior Product Managers who transition into a VP of Product Management role may receive large pay increases as the latter position pays an average $179K per year. As Senior Product Managers progress in their field, many go on to become Product Management Directors. In fact, this transition is more common than anything else, and pay for the position is usually $140K per year. Another common career choice for Senior Product Managers is to move into a Marketing Director role. Typically, Marketing Directors get paid $80K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Amazon.com Inc, T-Mobile, Inc., General Electric Co (GE), Cisco Systems Inc, and Oracle Corp. are all popular places to work. Hewlett-Packard Company offers the highest compensation with a median salary of $186K. Soaring salaries can also be found at Genentech, Inc., eBay Inc., and Google, Inc., where earnings of $166K, $165K, or $162K are standard for Senior Product Managers.

Charles Schwab & Co., Inc., T-Mobile, Inc., and General Electric Co (GE) also scrape the bottom of the pay scale, with median earnings hovering around $109K, $115K, and $126K.

Popular Skills for Senior Product Manager


Senior Product Managers seem to wield many skills on the job. Most notably, skills in Strategy, Agile Software Development, Program Management, and End User Requirements Research are correlated to pay that is above average, with boosts in pay of 4 percent. Skills that seem to negatively impact pay include Microsoft Excel, Project Management, and People Management. Most people skilled in Product Development are similarly competent in Business Strategy, Product Marketing, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $118K per year. People with 10 to 20 years of experience make an average of about $131K in this role. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $130K.

Pay Difference by Location

National Average: $127,218

Larger city markers indicate a job is popular in that location.

For Senior Product Managers, California means bigger paychecks — those in Palo Alto, San Jose, and San Francisco earn more than Senior Product Managers in the rest of the country. Atlanta is home to the smallest salaries in the field, lagging the national average by 10 percent. Below-median salaries also turn up in Denver and Portland (8 percent lower and 7 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Product Manager

Gender

Female
30 %
Male
70 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 284 votes.
Less than 1 year
0%
1-4 years
13%
5-9 years
33%
10-19 years
41%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Product Manager Salaries



National Average
$127,000



Skills That Affect Senior Product Manager Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 284 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
13%
5-9 years
33%
10-19 years
41%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 88%
vision benefits
Vision: 80%
dental benefits
None: 5%
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